Closing Costs Calculator
Closing costs are the fees and expenses required to finalize a real estate transaction, whether you're buying or selling a home. Some fees are paid to your lender, and others to third parties, such as appraisers, inspectors, and title companies. Both buyers and sellers may be responsible for different portions of the closing costs. Use our calculator to estimate your closing costs.
Home Price
Down Payment (5%)
Interest Rate
%
Loan Term
Years
Estimated Funds Needed at Closing
$28,210
Includes $20,000 down payment and $8,210 in estimated closing costs.
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$
Owner's Title Insurance
$
Recording Fees
$
Prepaid Interest (15 days)
$1,015
Home Insurance (1st Year)
$1,200
Tax Escrow Reserve (3 mos)
$1,200
Insurance Escrow Reserve (3 mos)
$300
Note: Prepaids are estimates based on your loan amount and property tax rates.
Disclaimer: The closing cost calculator is intended to be used for educational purposes only. Actual costs may vary based on specific lender fees, local assessments, and other factors such as loan type and geography. This calculator does not include all potential closing costs, such as mortgage insurance premiums (if applicable), transfer taxes, or other fees associated with specific loan programs or property locations. It is recommended to consult with a licensed lender in your area for a more precise estimate of your closing costs.